The stadium was renovated in 2007. After completion of a lower level bowl in 2012, the stadium has seating capacity of 20,000. The most well-attended event at the stadium was a football game on October 1, 2011 versus the DukeBlue Devils, with an attendance of 22,682.[5] FIU Stadium is the southernmost NCAADivision I football stadium in the Continental United States.

In 2007, the university announced a major expansion and redesign for FIU Stadium. The redesign of FIU Stadium would increase the stadium's capacity to 45,000 fans, to be built in phases. For the first phase of the expansion, the school demolished a large portion of the original 1995 stadium. The west, south and east sides of FIU Stadium were taken down and construction began on the new, permanent stadium. The expansion was completed in September 2008 for the 2008 football season. Phase one increased the stadium's capacity from 17,000 fans to 18,000, including 1,500 club seats.[8] During construction, the 2007 FIU Golden Panthers football team played its home games in the Miami Orange Bowl.

The new facility opened for the first home game of the 2008 football season against the South Florida Bulls on September 20. The Golden Panthers lost 17–9 in front of a crowd of 16,717.[9] The team won its first game in the new stadium on October 11, 2008 against Sun Belt Conference rival the Middle Tennessee State Blue Raiders, 31–21. The team finished its first season in the new stadium with three wins and two losses. In 2009, the university began the second phase of the stadium expansion, which included the construction of a new football field house.

On October 1, 2011 FIU Stadium drew its largest attendance in school history. A crowd of 22,268 came to watch the Panthers play the Duke Blue Devils football team for the team's 2011 homecoming game. During the game, the Goodyear Blimp made its first appearance at FIU Stadium. The Miami Tower in Downtown Miami was also lit in blue and gold from September 26 to October 1, 2011 in honor of the game.[10]

In September 2011, the university announced plans to begin the third phase of stadium expansion for the 2012 season by removing the last remnants of the original 1995 stadium on the north side to complete the bowl around the field. The expansion of the stadium could increase its capacity beyond 20,000, and it will include additional suites, press boxes, and a second stadium club. Phase three began in March.[4][11]

Designed by Rossetti Architects,[12] the stadium has a 6,500-square-foot (600 m2) Panther Club on the ground level, an upper concourse for additional fan seating and concessions, a jumbotron scoreboard, and 19 luxury suites. Seating includes chairback seats and bench seating, all with backrests. Panther fans shout "Rattle the Cage!" and fans will stomp and jump in unison on the bleachers creating a very loud reverberation throughout the steel and aluminum stadium.[citation needed] The Rattling of the Cage is done throughout the game, notably while the team is on defense and during cheers.[13][14]

In April 2011, the field was named Alfonso Field after alumnus David F. Alfonso. The facility also includes a two-story, 50,000-square-foot (4,600 m2) field house, named for trustee R. Kirk Landon, which includes a 14,000-square-foot (1,300 m2) weight room. The stadium also includes 8,500 square feet (790 m2) of locker rooms, an equipment room, a full-service athletic training facility, a ticket office, a merchandise area, and an FIU Athletics Hall of Fame.

With the removal of the track in 2007, the artificial turf field now meets the dimensions prescribed by FIFA for a full soccer field. It was the home field of Miami FC from 2007 to 2009, and it hosted parts of the 2009 and 2011 CONCACAF Gold Cup.